Functor Network Docs
  • Welcome to the Documentation Site
  • Overview
    • What is Functor Network?
    • Why Functor Network?
    • How is Functor enabling the onchain autonomous world?
    • Who can use Functor Network?
  • GETTING STARTED
    • Getting Started
  • USE CASES
    • Omnichain Automation
    • Liquidity Abstraction
    • Access Control
    • Key Management
    • Programmable Signing
    • Enterprise Integration
  • CORE CONCEPTS
    • Glossary
  • Resources
    • FAQs
  • COMMUNITY & CONTRIBUTION
    • Community & Contribution
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  1. Overview

Why Functor Network?

In practice, Functor Network acts as a unified signer layer for the autonomous world, i.e a world safely assisted with AI agents, automatizing complex, data hungry tasks.

Why is that?: We know that Artificial intelligence (AI) and blockchain intersect with onchain AI agents, untapping markets such as:

  • High speed & complex automatic trading with cross-chain liquidity

  • Decentralized SaaS products with automatic & secure payment options, better customized based on consumer's behavior.

  • Richer intent engines with collaboration of multiple AI agent/oracles.

  • AI-based dApps automation.

For this, we first need an infrastructure for these AI agents to act verifiably, collaboratively and chain-agnostically. To understand why these are not possible today, let's highlight the following limitations:

  1. Automation and transaction scheduling is inconvenient or insecure: Today, for an AI agent to act on-chain, it requires either their own wallet with funds (inconvenient and more costly) or access to a signing key to produce transactions over our assets (insecure).

  2. AI agents aren't perfect: We know AI can't be ever perfect: It hallucinates and give false positives/negatives. For it to be safely used, their computation must be verifiable cryptographically.

  3. Web3 is still fragmented: To realistically automatize much of Web3 core processes, We need to first solve fragmentations such as liquidity across L2s, the need of having one wallet per chain and trust-less cross-chain atomic transactions (mainly for safe DeFi applications).

See how Functor is solving all of these.

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Last updated 12 days ago